Garrett Motion - GTX Stock Forecast, Price & News

Garrett Motion's stock was trading at $8.03 at the beginning of the year. Since then, GTX stock has decreased by 12.0% and is now trading at $7.07.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our GTX earnings forecast.

Garrett Motion Inc. (NYSE:GTX) posted its quarterly earnings data on Thursday, July, 29th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of ($0.18) by $0.56. The firm earned $935 million during the quarter, compared to analysts' expectations of $1.01 billion. Garrett Motion had a net margin of 10.52% and a negative trailing twelve-month return on equity of 74.84%.

Garrett Motion issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $3.50 billion-$3.70 billion, compared to the consensus revenue estimate of $3.70 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Garrett Motion investors own include CVS Health (CVS), Johnson & Johnson (JNJ), Resideo Technologies (REZI), Home Depot (HD), Procter & Gamble (PG), Verizon Communications (VZ), Cisco Systems (CSCO), Raytheon Technologies (RTX) and AT&T (T).

Garrett Motion trades on the New York Stock Exchange (NYSE) under the ticker symbol "GTX."

Garrett Motion's stock is owned by a variety of institutional and retail investors. Top institutional investors include Royce & Associates LP (2.00%), Thompson Siegel & Walmsley LLC (1.21%), CIBC Private Wealth Group LLC (0.90%), Gamco Investors INC. ET AL (0.77%), Apis Capital Advisors LLC (0.62%) and Baker Ellis Asset Management LLC (0.44%). Insiders that own company stock include Daniel A Ninivaggi, Fabrice Spenninck, Olivier Rabiller, Philip Andrew Smith, Thierry Mabru and Value Master Fund Lp Attestor.
View institutional ownership trends.

Shares of GTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of GTX stock can currently be purchased for approximately $7.07.

Garrett Motion (NYSE:GTX) has a market capitalization of $458.16 million and generates $3.63 billion in revenue each year. The company earns $495 million in net income (profit) each year or $0.79 on an earnings per share basis.

The company employs 8,700 workers across the globe.

Garrett Motion's mailing address is LA PIECE 16, ROLLE V8, 1180. The official website for the company is www.garrettmotion.com. The company can be reached via phone at (121) 695-3000 or via email at investorrelations@garrettmotion.com.